Venture Visionary Partners LLC Takes Position in Chart Industries, Inc. $GTLS

Key Points

• Venture Visionary Partners LLC has acquired a new stake in Chart Industries, purchasing 9,648 shares valued at approximately $1.39 million.
• Chart Industries reported earnings of $2.59 per share for the last quarter, missing analysts' estimates of $2.62, with revenue of $1.08 billion compared to expectations of $1.11 billion.
• Despite recent challenges, several institutional investors, including Janus Henderson Group PLC and Dimensional Fund Advisors LP, have increased their holdings in Chart Industries.

Venture Visionary Partners LLC bought a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,648 shares of the industrial products company's stock, valued at approximately $1,393,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Analysts LLC bought a new stake in Chart Industries during the 4th quarter worth approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in Chart Industries during the 1st quarter valued at $25,000. Global X Japan Co. Ltd. boosted its position in shares of Chart Industries by 142.9% during the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after buying an additional 100 shares during the period. Brooklyn Investment Group boosted its holdings in Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 199 shares during the period. Finally, Hughes Financial Services LLC purchased a new position in Chart Industries in the 1st quarter worth about $44,000.

Analyst Ratings Changes

A number of research analysts have commented on GTLS shares. Seaport Res Ptn downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. TD Cowen lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Craig Hallum downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Cowen cut shares of Chart Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Finally, Barclays decreased their price objective on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Chart Industries has a consensus rating of "Hold" and a consensus price target of $202.00.

Chart Industries Stock Up 0.1%

Shares of GTLS stock traded up $0.1070 during trading hours on Monday, reaching $197.5670. 403,685 shares of the stock were exchanged, compared to its average volume of 1,355,405. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The business's fifty day moving average is $176.13 and its two-hundred day moving average is $162.21. The firm has a market capitalization of $8.88 billion, a P/E ratio of 36.72, a P/E/G ratio of 1.14 and a beta of 1.59. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 13.71% and a net margin of 6.29%. As a group, research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Chart Industries Company Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.